Fabless semiconductor startup Vervesemi raises $10 million in Series A funding round

Fabless semiconductor startup Vervesemi has raised $10 million in a Series A funding round led by Ashish Kacholia and Unicorn India Ventures. The round also saw participation from Roots Ventures, Caperize Fina, MAIQ Growth Scheme, and several high-net-worth individuals.

The company stated that the funds will be allocated across three areas: product commercialisation, production of existing silicon chips, and expansion of go-to-market operations in India, the US, and other Asian markets.

Vervesemi plans to accelerate commercialisation of its machine learning-enabled analog signal chain IC portfolio, including data converters and power and sensing solutions for industrial, smart energy, motor control, and avionics applications. The company will also direct funds toward production, product qualification, and expansion of engineering and applications teams. A portion of the investment will be used to expand its intellectual property (IP) portfolio and research and development activities.

Rakesh Malik, Co-founder and CEO of Vervesemi, said “This Series A funding marks a defining milestone for Vervesemi. The round was multiple times oversubscribed, and the backing of Ashish Kacholia, Unicorn India Ventures, and other distinguished investors reinforces our conviction that world-class semiconductor innovation can originate from India. This funding allows us to move from technology validation to large-scale deployment, positioning Vervesemi as a global supplier of intelligent analog mixed signal semiconductor solutions.”

Pratap Narayan Singh, Co-founder and CTO, said “This funding enables us to transition from advanced R&D to scaled market execution. We are accelerating product tape-outs, expanding our engineering capabilities, and strengthening our global go-to-market presence. Our mission is to redefine how precision mixed signal SOCs are designed and deployed worldwide.”

Over the past year, Vervesemi reported validation of its machine learning-enabled analog signal chain architecture in silicon and progress in customer production programs. The company stated that it holds over 10 patents and has advanced multiple programs into late-stage development and qualification.

Ashish Kacholia, Founder of Lucky Investment Managers, said “Vervesemi has a set of founders with rich experience from leading multinationals and deep domain expertise in Analog and Digital processing. This has been validated by order wins from marquee customers including a leading space organisation for their chip and multiple global customers for their semiconductor IPs. The Indian Deep Tech innovation ecosystem is taking shape fast and it is my privilege of partnering with one of the most exciting companies in this space”

Anil Joshi, Managing Partner at Unicorn India Ventures, said “Fabless semicon design companies in India are really leading the pack of innovation in the deep tech ecosystem. Being a focused deep tech investor, we are seeing cutting edge work being done in the fabless segment. Vervesemi, which has been working relentlessly to build a range of offerings with an aim to solidify their position in the Indian market and an eye on the global markets, is a strong proposition for us to invest. With our current fund and recently launched Rs 600 crore deep tech fund with IIT Madras, we believe that patient early growth capital for deep tech startups won’t be an insurmountable challenge. India has the talent, tech and now capital to support deep tech companies hitting the ground running.”

Vervesemi stated that it plans to expand its analog mixed-signal IC portfolio for industrial, energy, avionics, and motor control applications. The company also plans to increase hiring across analog design, mixed-signal, firmware, and applications engineering functions.

The company recently introduced a motor control product line for electric vehicles, drones, and industrial automation. It has also launched bridge sensor interface chips for measurement applications including weight scales and industrial sensing, and developed an avionics-grade multi-function controller platform for aerospace and defense applications.

According to the company, several products are under customer evaluation and qualification. Vervesemi reported ongoing design discussions with OEMs and system companies in industrial automation, smart energy, mobility, and aerospace sectors. The company stated that it has strengthened partnerships with fabrication, packaging, and testing providers to support production. It aims to secure production design wins, initiate revenue generation, and expand its product portfolio over the next year.

Ankit Mittal and Tushar Gupta, Partners at Six Stone Capital, which participated in and managed the round, said their investment was based on the company’s engineering and execution approach.

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